Guillermo Cartagena - Authorized Independent Agent

12/03/2021

23/02/2021

Property and Financial Lasting Power Attorney: property sale or rental, managing bank accounts, investments, and pensions, making payments for care, payments for rent, making payments for utilities.

21/02/2021

Lasting Power of Attorney: allow for a donor to appoint trusted individuals (attorneys) to deal with the property and finance and health and welfare in the event they become mentally or physically incapable of managing their own affairs.

20/02/2021

Wills, Trusts, Lasting Power of Attorney, Probate

20/02/2021

what are Gifts and Legacies in a will?
Gifts are items and legacies are sims of money to specific beneficiaries.
What is in a will a residuary estate?
what is left after paying debt, taxes, legacies, and gifts.

16/02/2021

The testator must have Capacity and undue influence: means he possesses the required mental capacity.
Undue influence makes decisions contrary to decisions they would have may have with no influence from another.
With Mirror wills (both spouse and partner) be careful one party overpowering the other.

15/02/2021

In a will who are the Guardians? they are the ones that look for children under 18 in the event of the parents dead. (chosen by age, location, space in their home, wealth)

14/02/2021

Who are the trustees in a will?
They are the ones looking for any asset that falls into trusts, usually the same as executors.

13/02/2021

In the will structure, there are executors. what are the executors?
Executors are the person tasked to administer the estate chosen by age, location, availability, and competency.

12/02/2021

Inheritance tax: the tax applied to the estate value, it has an allowance band of 325,000. Over the band applies 40%.

11/02/2021

a will is a document in which a person called the testator appoints executors to administer his estate after he's dead and the manner in which it must be distributed to the beneficiaries.

11/02/2021